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Publication year
A Schumpeterian Model of the Product Life Cycle.
Resource type
Authors/contributors
- Anant, T C A (Author)
- Dinopoulos, Elias (Author)
- Segerstrom, Paul S (Author)
Title
A Schumpeterian Model of the Product Life Cycle.
Abstract
This paper presents a dynamic general equilibrium model of North-South trade in which research and development races between firms determine the rate of product innovation in the North. Tariffs designed to protect dying industries in the North from Southern competition reduce the steady-state number of dominant firms in the North, reduce the rate of product innovation, and increase the relative wage of Northern workers. Copyright 1990 by American Economic Association.
Publication
American Economic Review
Volume
80
Issue
5
Pages
1077-91
Date
1990-12
Citation
Anant, T. C. A., Dinopoulos, E., & Segerstrom, P. S. (1990). A Schumpeterian Model of the Product Life Cycle. American Economic Review, 80, 1077–1091.
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